NTCL 6-K: Secondary offering
NetClass Technology Inc
Filed with the SEC on · accession 0001104659-26-123964
NTCL filed a 6-K (foreign company report) with the SEC on Nov 6, 2026. NetClass Technology Inc entered into a securities purchase agreement to issue 675,000 Class A ordinary shares at $0.40 per share, pre-funded warrants for up to 2,325,000 shares, and 3,000,000 allocation rights for additional shares/warrants, raising approximately $1.2 million in gross proceeds. The stock moved -25.3% by the first close after the filing.
Summary of the filing
NetClass Technology Inc entered into a securities purchase agreement to issue 675,000 Class A ordinary shares at $0.40 per share, pre-funded warrants for up to 2,325,000 shares, and 3,000,000 allocation rights for additional shares/warrants, raising approximately $1.2 million in gross proceeds. The offering closed on November 6, 2026, with Univest Securities, LLC acting as exclusive placement agent.
Key details
How NTCL stock reacted
Close before
$0.32
Nov 5, 2026
First close after
-25.34%
$0.24
5 trading days
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Since filing
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Click hereFrequently asked questions
What did NTCL file with the SEC on Nov 6, 2026?
NTCL filed a 6-K (Secondary offering). NetClass Technology Inc entered into a securities purchase agreement to issue 675,000 Class A ordinary shares at $0.40 per share, pre-funded warrants for up to 2,325,000 shares, and 3,000,000 allocation rights for additional shares/warrants, raising approximately $1.2 million in gross proceeds. The offering closed on November 6, 2026, with Univest Securities, LLC acting as exclusive placement agent.
What does a secondary offering mean for NTCL stock?
New shares dilute existing holders and are often sold at a discount to the market price.
How do I read a 6-K?
How foreign companies listed in the US report news and events — like an 8-K for them. Look at the exhibit names: "results", "resign", "notice" tell you the topic. Many 6-Ks are routine (meeting notices); results and leadership changes matter most.
Why are SEC filings important?
Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 6-K (foreign company report): How foreign companies listed in the US report news and events — like an 8-K for them.
How did NTCL stock react to this filing?
NTCL closed at $0.32 before the filing and $0.24 on Nov 6, 2026 (-25.34%).
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